Market Research Report
Global Construction Outlook to 2025 (Q3 2021 Update)
|Global Construction Outlook to 2025 (Q3 2021 Update)|
Published: September 30, 2021
Content info: 94 Pages
Delivery time: 1-2 business days
The global construction industry is rebounding at a rapid pace following the sharp decline in 2020, when construction activity slumped amid restrictions imposed globally to contain the spread of COVID-19. GlobalData now expects the global construction industry to grow by 6.3%, an upward revision from 5.7% in the previous forecast update (Q2 2021). The positive revision reflects the faster-than-expected recovery in output in some key markets in the first half of the year, with works on construction sites being ramped up to try to accelerate progress following delays last year, and a surge in residential construction projects (in some markets to record highs), which has been offsetting weaknesses in the commercial and industrial sectors
This report provides a detailed analysis of the prospects for the global construction industry up to 2025, including an assessment of the impact of COVID-19.